Homeownership Programs eNews
June 20, 2018
[ The latest news for Minnesota Housing homeownership lender partners ]
Increased Income Limits Effective July 2
Income limits for the following programs will increase for loans locked on or after July 2, 2018:
  • Start Up
  • Step Up
  • Downpayment and Closing Cost Loans (Monthly Payment Loan, Deferred Payment Loan, Deferred Payment Loan Plus)
The new income limits will be posted to the Minnesota Housing's website on July 2.
*The 11-county Twin Cities Metro Area is defined as: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington and Wright Counties. 
Increased Home Cost Limits Effective July 2
The acquisition cost limit for Start Up and the purchase price or refinance loan amount limit for Step Up will increase for loans locked on or after July 2, 2018:
  • 11-county metro area - $328,200
  • All other counties - $271,100
The new limits will be posted to the Minnesota Housing's website on July 2.
Training Opportunities
If you are new to our programs or just need a refresher, please visit our training page and register for our July live webinars:
eLearning Modules (on-demand): 
  • Intro to Minnesota Housing
  • Income Training
  • Start Up Forms
View the instructions to create an eLearning account to access these on-demand trainings. If you already created an account, view your training record and take the course.
Recorded Webinars (on-demand):
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 7:30 a.m. and 5:00 p.m. on business days.
Twitter Facebook LinkedIn
www.mnhousing.gov
Manage your preferences | Opt out using TrueRemove™
Got this as a forward? Sign up to receive our future emails.
View this email online.
400 Wabasha Street North Suite 400
Saint Paul, MN | 55102 US
This email was sent to .
To continue receiving our emails, add us to your address book.
powered by emma
Subscribe to our email list.